Report Industry Investment Rating No relevant content provided. Core Viewpoints - This week (August 4 - August 8, 2025), the primary market of green bonds had 16 new issues with a total issuance scale of about 1.0913 billion yuan, an increase of 431 million yuan from last week. The secondary - market turnover was 4.74 billion yuan, an increase of 40 million yuan from last week. The overall valuation deviation of weekly trading prices of green bonds was not large, with the discount transaction ratio and amplitude greater than the premium [1][2][3]. Summary by Related Catalogs Primary Market Issuance - This week, 16 new green bonds were issued in the inter - bank and exchange markets, with a total issuance scale of about 1.0913 billion yuan, an increase of 431 million yuan from last week. The issuance terms were mostly 5 years. Issuers included local state - owned enterprises, small and medium - sized private enterprises, central enterprise subsidiaries, and other enterprises. The issuer regions were Fujian, Guangdong, Guangxi, Hebei, Jiangsu, Shandong, Shanghai, and Tianjin. Bond types included commercial bank ordinary bonds, medium - term notes, enterprise ABS, private corporate bonds, general corporate bonds, and PPN [1]. Secondary Market Transaction - This week, the total turnover of green bonds was 4.74 billion yuan, an increase of 40 million yuan from last week. By bond type, the top three in trading volume were non - financial corporate credit bonds (2.5 billion yuan), financial institutional bonds (1.64 billion yuan), and interest - rate bonds (430 million yuan). By issuance term, green bonds with a term of less than 3 years had the highest trading volume, accounting for about 84.93%. By issuer industry, the top three industries in trading volume were finance (1.97 billion yuan), public utilities (1.11 billion yuan), and transportation equipment (160 million yuan). By issuer region, the top three regions in trading volume were Beijing (1.63 billion yuan), Hubei (540 million yuan), and Guangdong (410 million yuan) [2]. Top Thirty Individual Bonds in Valuation Deviation - Discount Bonds: The overall valuation deviation amplitude of weekly trading prices of green bonds was not large, and the discount transaction amplitude and ratio were greater than the premium. The top three discount bonds were "20 Changding Green Bond 02" (- 1.6355%), "25 Guilin Bank Green Bond 01" (- 0.6405%), and "25 Ganfeng Lithium MTN001 (Science and Technology Innovation Note)" (- 0.4830%). The issuer industries were mainly finance, transportation equipment, and construction, and the regions were mostly Beijing, Jiangsu, and Guizhou [3]. - Premium Bonds: The top four premium bonds were "25 Shuineng G1" (1.2430%), "Kunpeng 17A2" (0.5261%), "24 Huaneng Hydropower GN004 (Rural Revitalization)" (0.4529%), and "25 Yinbao Group MTN001 (Carbon Neutral Bond)" (0.1345%). The issuer industries were mainly finance, transportation equipment, and public utilities, and the regions were mostly Guangdong, Tianjin, Shandong, and Beijing [3].
绿色债券周度数据跟踪(20250804-20250808)-20250809
Soochow Securities·2025-08-09 14:00